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Guideline Value

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Guideline Value for Rajaji Nagar Sasthiri Avenue Sasthri Nagar and Street

₹3800/sq.ft.

The guideline value for Rajaji Nagar Sasthiri Avenue Sasthri Nagar And Street in Konnur village (Konnur SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Konnur

Village

Konnur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Rajaji Nagar Sasthiri Avenue Sasthri Nagar And Street

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Rajaji Nagar Sasthiri Avenue Sasthri Nagar and Street guideline value

The current guideline value of Rajaji Nagar Sasthiri Avenue Sasthri Nagar and Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Konnur village and falls under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Rajaji Nagar Sasthiri Avenue Sasthri Nagar and Street has changed

Starting from the earliest revision in 2007, the guideline value was Rs 800 per sq.ft. This figure saw a significant increase to Rs 3,500 per sq.ft in 2012, marking a rise of 338%. However, in 2017, the value dropped to Rs 2,345 per sq.ft, a decrease of 33%. The value then increased again to Rs 3,500 per sq.ft in 2023, followed by a further rise to the current value of Rs 3,800 per sq.ft in 2024, reflecting a 9% increase.

Overall, from 2007 to 2024, the guideline value has increased by 375%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, which is equal to the current guideline value for Rajaji Nagar Sasthiri Avenue Sasthri Nagar and Street.

Stamp duty and registration fee for property in Rajaji Nagar Sasthiri Avenue Sasthri Nagar and Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. Duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajaji Nagar Sasthiri Avenue Sasthri Nagar and Street?

The Sub Registrar Office that covers Rajaji Nagar Sasthiri Avenue Sasthri Nagar and Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Konnur

The guideline value is a crucial factor in the registration process for property transactions in Konnur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable at the time of registration.

Frequently asked questions

What is the current guideline value for Rajaji Nagar Sasthiri Avenue Sasthri Nagar and Street?

The current guideline value for Rajaji Nagar Sasthiri Avenue Sasthri Nagar and Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 800 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, with various increases and decreases in between.

What is the registration fee for properties in this area?

The registration fee is calculated at 2% of the guideline value, which for a property valued at Rs 38,00,000 would be Rs 76,000.

Where can I find the Konnur Sub Registrar Office?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What are the other streets in Konnur with similar guideline values?

Other streets in Konnur with similar guideline values include Rajaji Nagar Extension Vinayagar Street, Rajaji Nagar Extension Vengatragava Street, and others, all valued at Rs 3,800 per sq.ft in 2024.